Elliott Management

Articles from Elliott Management

NRG Urged to Shake Up Strategy Following ‘Worst Deal’ of Past Decade

Elliott Investment Management LP is calling on Houston-based utility giant NRG Energy Inc. to upend its strategy because of “operational and strategic mishaps.” The activist investor, which said it has spent $1 billion to secure a 13% stake, sent a letter on Monday to NRG’s board specifically criticizing a $2.8 billion deal to buy home…

May 17, 2023

Shale Daily

Activist QEP Shareholders Propose $2B Takeover

Calling QEP Resources Inc. “deeply undervalued,” two affiliates of activist shareholder Elliott Management Corp., one of the company’s largest shareholders, offered to buy the onshore exploration and production company outright and take it private in a cash deal valued at more than $2 billion.

January 7, 2019